CHAPTER SEVENTEEN
ALWAYS HAVE A FALLBACK PLAN
I recently had dinner with my two accountants, partners in a very personal, practical association. One of them told me about jobs he'd had in high school and college. He bussed tables and made ice cream sodas and sundaes. He did odd jobs for neighbors. When he was old enough he was a waiter and bartender. “Both my partner and I,” he told me, “love to drink one of my creations, which I call a ‘California Daydream.’ It's apricot brandy, orange juice, topped with amaretto, shaken with ice and a cherry on top. Delicious.” Both he and his partner ordered it made for themselves.
The waiter returned and said, “Sorry, gentlemen. We have no apricot brandy.”
Without skipping a beat my friend said, “Got peach schnapps? It'll do if you have that.”
Amazingly to me, the restaurant had peach schnapps.
My friend smiled. “In life,” he said, “always have a fallback plan going in.”
For any venture you're attempting, it's a very good suggestion, whether for a cocktail or a high-powered merger. It can apply to almost everything.
Never assume every plan you hatch will work out;prepare for what's next.
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